MIRA INFORM
REPORT
|
Report Date : |
24.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
S B
GEMS |
|
|
|
|
Registered Office : |
Flat E, 22/F., Block
5, Phase 1, Hong Kong Gold Coast, Tuen Mun, New Territories, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
05.03.2005 |
|
|
|
|
Com. Reg. No.: |
35403990-000-03 |
|
|
|
|
Legal Form : |
Sole Proprietorship. |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of all Kinds of
Diamonds. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Regular |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
S B GEMS
Company ADDRESS
Flat E, 22/F.,
Block 5, Phase 1, Hong Kong Gold Coast, Tuen Mun, New Territories,
PHONE: 2301 1701
FAX: 2301 1711
E-MAIL: sbgems@netvigator.com
MANAGEMENT
Manager: Mr. Bhartendu Sharda
SUMMARY
Establishment : 5th March, 2005.
Organization : Sole Proprietorship.
Capital : Not disclosed.
Business Category : Diamond Trader.
Employees : Nil.
Main Dealing Banker :
The Hongkong & Shanghai Banking Corp. Ltd.,
Banking Relation : Satisfactory.
Company ADDRESS
Head Office :-Flat E, 22/F., Block 5, Phase 1, Hong Kong Gold Coast, Tuen Mun, New Territories, Hong Kong.
Affiliated Companies :-S
B Gems (Hong Kong) Co. Ltd.,
S B Gems (Hong
Kong) Co. Ltd.,
BUSINESS REGISTRATION NUMBER
35403990-000-03
MANAGEMENT
Manager: Mr. Bhartendu Sharda
SOLE PROPRIETOR
Name : Mr. Bhartendu SHARDA
Residential Address :Flat
A, 9/F.,
HISTORY
The
subject was established on 5th March, 2005 as a sole proprietorship concern
owned by Mr. Bhartendu Sharda under the Hong Kong Business Registration
Regulations.
At
the very beginning, the subject was located at Flat B, 5/F., Hang Lung Bank
Building, 46-48 Granville Road, Tsimshatsui, Kowloon, Hong Kong, moved to Room
606, 6/F., Wah Ying Cheong Central Building, 158‑164 Queens Road
Central, Hong Kong in December 2006, and further to the present address in
October 2009.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities : Importer, Exporter and Wholesaler.
Lines : All kinds of diamonds.
Employees : Nil.
Commodities Imported :
Markets :
Terms/Sales : L/C, T/T, etc.
Terms/Buying : L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Capital : Not disclosed.
Profit or Loss : Making a small profit every year.
Condition : Keeping in a normal and steady manner.
Facilities : Making quite active use of general banking facilities.
Payment : Met trade commitments on time.
Commercial Morality : Satisfactory.
Banker : The Hongkong & Shanghai Banking Corp.
Ltd.,
Standing : Small.
GENERAL
S
B Gems is a sole proprietorship set up and owned by Mr. Bhartendu Sharda who is
an Indian. He is an
The
subject moved to the present address in December 2009. The present registered address Flat E, 22/F.,
Block 5, Phase 1, Hong Kong Gold Coast, Tuen Mun,
The
subject does not have any other employees in
The
subject is trading in natural fancy colour diamonds (pink, yellow, golden,
orange, green), brown and black diamond, diamond drops, beads, briolette,
colour-stone (emerald, ruby, sapphire), other semi precious stones, etc. Its prime markets are
·
Diamond — Polished White Diamond, Polished Colour
Diamond
·
Precious Gemstones — Polished Emerald, Polished
Ruby, Polished Sapphire
·
Polished Semi-Precious Gemstones — Opal, Spinel,
Topaz, Aquamarine, Aquamarine, etc.
The
subject is a leading manufacturer of fine jewellery and natural fancy colour diamonds
with offices in
The
subject’s history in
On the whole,
consider it good for normal business engagements.
COURT CASES: None per our.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.20 |
|
|
1 |
Rs.73.16 |
|
Euro |
1 |
Rs.61.88 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Company |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.